Intelsat (NYSE:I) Reaches New 1-Year Low at $13.00

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Intelsat SA (NYSE:I)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $13.00 and last traded at $13.66, with a volume of 808254 shares changing hands. The stock had previously closed at $20.39.

Several research firms recently weighed in on I. JPMorgan Chase & Co. lowered Intelsat from an “overweight” rating to a “neutral” rating in a report on Tuesday. Barclays set a $20.00 price target on Intelsat and gave the company a “hold” rating in a report on Friday, September 27th. Finally, Zacks Investment Research lowered Intelsat from a “buy” rating to a “hold” rating in a report on Saturday, August 17th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $29.40.

The company has a fifty day moving average of $24.65 and a two-hundred day moving average of $21.47. The company has a market cap of $2.23 billion, a PE ratio of -6.24 and a beta of 1.49.

Intelsat (NYSE:I) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported ($2.74) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.88) by ($1.86). The company had revenue of $506.70 million during the quarter, compared to the consensus estimate of $502.15 million. During the same quarter in the previous year, the firm earned ($0.26) EPS. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, equities research analysts forecast that Intelsat SA will post -3.5 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. FMR LLC acquired a new stake in Intelsat in the first quarter worth $1,277,000. Ipswich Investment Management Co. Inc. increased its holdings in shares of Intelsat by 18.2% during the second quarter. Ipswich Investment Management Co. Inc. now owns 23,830 shares of the technology company’s stock valued at $463,000 after purchasing an additional 3,670 shares during the period. First Trust Advisors LP acquired a new position in shares of Intelsat during the second quarter valued at $635,000. Aperio Group LLC acquired a new position in shares of Intelsat during the second quarter valued at $110,000. Finally, Hartwell J M Limited Partnership increased its holdings in shares of Intelsat by 0.8% during the second quarter. Hartwell J M Limited Partnership now owns 496,150 shares of the technology company’s stock valued at $9,650,000 after purchasing an additional 3,950 shares during the period. Institutional investors and hedge funds own 90.90% of the company’s stock.

About Intelsat (NYSE:I)

Intelsat SA, together with its subsidiaries, provides satellite communications services worldwide. The company offers a range of communications services to media companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications in the air and on the seas, multinational corporations, and Internet service providers; and commercial satellite communication services to the U.S.

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